Published Date: February 2024
Preform is to form or shape a product to its prelim size & shape. PET Preforms are made from polyethylene terephthalate which is used for moulding a product of certain shape and size and then blown into bottles in machines. Polyethylene terephthalate is a thermoplastic polymer resin belongs to family polyester used in synthetic fibers, as a material for plastic bottles and food containers. PET bottles are lightweight, good resistance, durable, non-breakable, cost effective, and reusable nature. Rising population growth, rapid growth in urbanization and disposable income has driven the growth of PET Preforms market. Rising demand for packaged beverages, drinking water bottles during travelling & tourism has also boosts the market growth.
Preform perpendicularity tester is the ideal testing device used for testing perpendicularity of preforms which ensures that PET bottles are made from preforms which are highly accurate in terms of alignment. Irregular shape of bottle is considered as a bad quality bottle. Preform material is of fiber form. Preforms are made in separate mold & shaping process. Commercially available PET grades are flame retardant, un-reinforced to glass reinforced, high flow materials, used for various engineering applications which requires typically higher strength, and higher heat resistance. However, wide variety of applications of PET preforms has fueled the target market growth.
The report “PET Preforms Market, By Neck Type (Alaska, ROPP, CTC Preforms, Standard PCO, and Others), By Neck Size (25mm, 28mm, 29mm & 30mm, and Other), By Application (Carbonated Drinks, Non-Carbonated Drinks, Bottled Water, Edible Oil, Food Items, Pharmaceuticals, Cosmetics, and Others), By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”
Key Highlights:
- In November 2020, Husky has launched new PET preform molding solution ‘NexPET system’ a new mid volume PET preform molding solution. Newly launched system has been engineered which enables emerging and established producers to be more competitive by responding better to evolving consumer preferences. Newly launched system helps in delivering agile, reliable solution for accommodating niche brands and smaller run SKUs.
- In October 2022, Plastipak has launched the metal-free aerosol container ‘SprayPET Revolution’ which is designed for PET recycling streams. Newly launched ‘SprayPET Revolution’ container is fully recyclable, with 100% polymer aerosol container which is compatible with standard PET recycling streams.
- In April 2022, Indorama Ventures has completed acquisition of PET packaging business in Vietnam. Indorama has completed acquisition of Ngoc Nghia Industry-Service-Trading Joint Stock Company (NN). This acquisition will boosts the Indorama Ventures market position as it will continue to expand its integrated offering of new PET preform products for major international customers by region.
Analyst View:
The key factor driving the growth of the PET Preforms market is increasing demand for packaged beverages, food and drinking water. PET containers help in providing better oxygen barrier and also help in preserving taste and aroma of food which is placed in them. PET are better than PP containers. PET containers work well for resisting acids, grease and oils. PET has become a popular choice for plastic bottles due to its unrivaled strength-to-weight ratio, transportation savings compared to glass counterparts, cost reduction, and tracking record for safety & reliability while packing consumer products. However, rising urbanization, disposable income and rising demand for packaged food and beverages product is expected to boosts the demand for target market growth. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “PET Preforms Market, By Neck Type (Alaska, ROPP, CTC Preforms, Standard PCO, and Others), By Neck Size (25mm, 28mm, 29mm & 30mm, and Others), By Application (Carbonated Drinks, Non-Carbonated Drinks, Bottled Water, Edible Oil, Food Items, Pharmaceuticals, Cosmetics, and Others), By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”
Key Market Insights from the report:
PET Preforms Market accounted for US$ 21.5 Billion in 2024 and is estimated to be US$ 36.8 Billion by 2034 and is anticipated to register a CAGR of 6.10%. The PET Preforms Market is segmented based on Neck Type, Neck Size, Application, and Region.
- Based on Neck Type, PET Preforms Market is segmented into Alaska, ROPP, CTC Preforms, Standard PCO, and others.
- Based on Neck Size, PET Preforms Market is segmented into 25mm, 28mm, 29mm & 30mm, and others.
- Based on Application, PET Preforms Market is segmented into Carbonated Drinks, Non-Carbonated Drinks, Bottled Water, Edible Oil, Food Items, Pharmaceuticals, Cosmetics, and others.
- By Region, the PET Preforms Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Competitive Landscape & their strategies of PET Preforms Market:
The prominent players operating in the PET Preforms Market includes, RETAL Industries LTD., ALPLA Werke Alwin Lehner GnbH & Co. KG., Plastipak Holdings, Inc., RESILUX NV Pvt Ltd., Taiwan Hon Chuan Enterprise Co. Ltd., Zhuhai Zhongfu Enterprise Co. Ltd., Rawasy Al Khaleej Plastic Ind., Societe Generale des Techniques, Indorama Ventures Public Company Limited, KOKSAN Pet Packaging Industry Co., and others.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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